MIRA INFORM REPORT
|
Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECNA S.P.A.
|
|
|
|
|
Registered Office : |
Via Meucci, 27, 40024- Castel
San Pietro Terme (BO) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
28.09.1985 |
|
|
|
|
Com. Reg. No.: |
BO006-41939 since 19/02/1996 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of moulds, mould-holders, profiles, shapes for machines |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
300.000Eur. |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Italy |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Tecna S.p.a.
Via Meucci, 27
40024 - Castel San Pietro Terme (BO) -IT-
Summary
|
Fiscal Code |
: |
03520460373 |
|
Legal Form |
: |
Joint stock company |
|
start of Activities |
: |
28/09/1985 |
|
Equity |
: |
Over 2.582.254 Eur |
|
|
: |
12.750.000/15.500.000 Eur |
|
Number of Employees |
: |
from 51 to 70 |
Credit Analysis
|
Credit Opinion |
: |
300.000 - Eur |
Activity
Manufacture of moulds, mould-holders, profiles, shapes for machines
Manufacture of other electrical equipment
Legal Data
Legal Form : Joint stock company
|
Register of Handcraft firms : 91478 of |
|
Fiscal Code : 03520460373 |
|
Foreign Trade Reg. no. : BO016726 since 31/12/1991 |
|
Foreign Trade Reg. no. : 16726 of |
|
Foreign Trade Reg. no. : 016726 of |
|
Chamber of Commerce no. : 296016 of |
|
Firms' Register : BO006-41939 since 19/02/1996 |
|
V.A.T. Code : 00632201208 |
|
Tribunal Co. Register : 41939 of |
|
Foundation date |
: 28/09/1985 |
|
|
Establishment date |
: 28/09/1985 |
|
|
Start of Activities |
: 28/09/1985 |
|
|
Legal duration |
: 31/12/2030 |
|
|
Nominal Capital |
: 387.300 |
Eur |
|
Subscribed Capital |
: 387.300 |
Eur |
|
Paid up Capital |
: 387.300 |
Eur |
Members
|
|
Amadori |
Ezio |
|
|
|
Born in Castel San Pietro Terme |
(BO) |
on 18/04/1934 |
- Fiscal Code : MDRZEI34D18C265F |
|
|
|
Residence : |
Piazza |
Garibaldi |
, 8 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/10/2010 |
|
|
|
Board Chairman |
25/10/2010 |
|
|
|
|
No Protests registered |
|
|
Reggiani |
Paola |
|
|
|
Born in Castel San Pietro Terme |
(BO) |
on 17/04/1940 |
- Fiscal Code : RGGPLA40D57C265I |
|
|
|
Residence : |
Viale |
Terme |
, 862 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/10/2010 |
|
|
|
Attorney with special power |
|
|
|
|
|
No Protests registered |
|
|
Avoni |
Feriana |
|
|
|
Born in Castel San Pietro Terme |
(BO) |
on 18/08/1953 |
- Fiscal Code : VNAFRN53M58C265E |
|
|
|
Residence : |
Via |
Gramsci |
, 213 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Attorney with special power |
|
|
|
|
|
No Protests registered |
|
|
Gaspari |
Roberto |
|
|
|
Born in |
(FO) |
on 08/04/1948 |
- Fiscal Code : GSPRRT48D08D704W |
|
Position |
Since |
Shares Amount |
% Ownership |
|
Director |
25/10/2010 |
|
|
|
No Protests registered |
Companies connected to members *
*checkings have been performed on a national scale.
In this module are listed the companies in which members hold or have
holded positions.
|
AMADORI |
EZIO |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
TECNA DI EZIO AMADORI |
Castel San Pietro Terme (BO) - IT - |
MDRZEI34D18C265F |
Proprietor |
Withdrawn |
Ceased |
|
TECNA ELETTRONICA S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03020120378 |
Sole Director |
Active |
Registered |
|
TECNA FIMM - S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03917550372 |
Sole Director |
Active |
Registered |
|
REGGIANI |
PAOLA |
|
Firm's Style |
Seat |
Fiscal Code |
Position |
Position Status |
Firm's Status |
|
TECNA DI EZIO AMADORI |
Castel San Pietro Terme (BO) - IT - |
MDRZEI34D18C265F |
Proprietor |
Withdrawn |
Ceased |
|
TECNA ELETTRONICA S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03020120378 |
Sole Director |
Withdrawn |
Registered |
|
TECNA FIMM - S.R.L. |
Castel San Pietro Terme (BO) - IT - |
03917550372 |
Sole Director |
Withdrawn |
Registered |
The indication "REGISTERED" as Firm Status could refer to Firms
in Liquidation, Active, Inactive, etc.
For more information, in this case, we advise to request further
investigations.
Capital Shareholders
Shareholders' list as at date of data collection:
|
Firm's Style / Name |
Seat / Residence |
Fiscal Code |
Owned Shares |
% Ownership |
|
Amadori Ezio |
Castel San Pietro Terme - IT - |
MDRZEI34D18C265F |
232.380 .Eur |
60,00 |
|
Reggiani Paola |
Castel San Pietro Terme - IT - |
RGGPLA40D57C265I |
154.920 .Eur |
40,00 |
Direct Participations
The Company under review has participations in the following Companies:
|
Firm's Style |
Seat |
Fiscal Code |
Owned Shares
Amount |
% Ownership |
since |
until |
Share Status |
|
Consorzio Ecor'it - Sistema Collettivo Per La Gestione Dei Raee D I
Nuclei Domes |
|
05083280965 |
|
|
|
|
Active |
Firm's location and structure
In order to carry out its activities the firm uses the following
locations:
|
- |
Legal and operative seat |
|
since 28/09/1985 |
|
|
|
|
|
Via |
Meucci |
, 27 |
- 40024 |
- Castel San Pietro Terme |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/6954411 |
|
- |
Branch |
(Factory ) |
since 15/09/1997 |
|
|
|
|
|
Via |
Miglioli |
, 36 |
- 40024 |
- Castel San Pietro Terme |
(BO) |
- IT - |
|
- |
Branch |
(Factory ) |
since 27/09/2010 |
|
|
|
|
|
Via |
Grieco |
, 27/29 |
- 40024 |
- Castel San Pietro Terme |
(BO) |
- IT - |
|
|
|
|
PHONE |
: 051/6954411 |
|
|
|
|
FAX |
: 051/6954490 |
|
|
|
|
Employees |
: 55 |
|
Fittings and Equipment for a value of 410.000 |
Eur |
|
Stocks for a value of 10.510.000 |
Eur |
|
Vehicles for a value of 100.000 |
Eur |
Trade organization: direct or by agents.
The company sells in
|
|
The firm operates abroad as importer / exporter. .
To purchase foreign products the firm uses the following channels :
|
- direct orders to foreign companies |
Export represents more than 50% of the global turnover.
Products abroad are placed by :
|
- importers |
|
- its own agents |
Import comes generally from the following nations:
|
- |
|
- Francia |
|
- Belgio |
|
- |
Export is mainly towards:
|
- |
|
- Polonia |
|
- Ungheria |
|
- |
|
- Francia |
|
- Belgio |
Historical Information and/or Firm's Status
CHANGES TO THE LEGAL FORM:
|
Former legal form |
New legal form |
Changement Date |
|
General partnership |
Joint stock company |
01/08/1988 |
COMPANY STYLE MODIFICATIONS:
|
Former Style |
New Style |
Changement Date |
|
Tecna di Ezio Amadori e C. S.n.c. |
|
01/08/1988 |
EX-MEMBERS / EX-POSITIONS:
|
|
Frascari |
Tiberio |
|
|
|
Born in Dozza |
on 31/05/1950 |
- Fiscal Code : FRSTBR50E31C265Z |
|
|
|
Residence : |
Via |
Del Giacinto |
, 8 |
- 40100 |
|
(BO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
|
|
Amadori |
Ezio |
|
|
|
Born in Castel San Pietro Terme |
on 18/04/1934 |
- Fiscal Code : MDRZEI34D18C265F |
|
|
|
Residence : |
Piazza |
Garibaldi |
, 8 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Ex-Postions |
|
Sole Director |
|
Partner |
|
|
Reggiani |
Paola |
|
|
|
Born in Castel San Pietro Terme |
on 17/04/1940 |
- Fiscal Code : RGGPLA40D57C265I |
|
|
|
Residence : |
Viale |
Terme |
, 862 |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Ex-Postions |
|
Partner |
|
Procurator |
|
|
Romoli |
Romana |
|
|
Born in |
on 10/02/1961 |
|
|
|
Residence : |
Via |
VIAZZA |
, 6/B |
- 40017 |
San Giovanni in Persiceto |
(BO) |
- IT - |
|
Ex-Postions |
|
Permanent Auditor |
|
|
Ballarini |
Martino |
|
|
|
Born in Codigoro |
on 25/02/1961 |
- Fiscal Code : BLLMTN61B25C814M |
|
|
|
Residence : |
Via |
E. Berlinguer |
, 28/P |
- 40024 |
Castel San Pietro Terme |
(BO) |
- IT - |
|
Ex-Postions |
|
Temporary Auditor |
Protests
Protests checking on the subject firm has given a negative result.
Legal Procedures
None reported, standing to the latest received edition of the Official
Publications.
Bankers
The firm operates with:
|
Bank Name |
Agency Name |
Address |
ZIP Code |
City |
ABI Code |
CAB Code |
|
BANCA INTESA S.P.A. |
|
|
|
|
|
|
Immovables *
*Subject to survey.
|
Immovable Type |
Value |
|
Real estates |
871.000 - Eur |
NB.: For Capital Companies the value of the Immovables is the one
reported in the latest available financial documents.
Financial and Economical Analysis
The company is active since 1985
An eco-fin analysis has been made on the base od the b/s fo the years
2007, 2008 and 2009.
Under an economic point of view, profits were registered during the last
years with a r.o.e. of 3,11% in 2009
The operating result in 2009 was positive (3,37%) falling within the
field's average.
The amount of the operating result for the year 2009 is of Eur. 828.591
with a -84,24% fall as against the year 2008.
The economic management produced a gross operating margin of Eur.
1.410.365 with a -75,91% fall.
The company has an excellent net worth if compared to its debts, with a
low indebtedness (0,32) lower than in 2008.
With regard to equity capital, an amount of Eur. 15.373.980 is
registered. on stable levels.
During the last financial year debts totalled Eur. 8.650.558 (Eur.
1.772.487 of which were m/l term debts) , with no sensible variation.
Financial debts exposure is under control while the recourse to
commercial credit is rather frequent however still within the sector's average.
Liquidity is good (2,55)
On average trade credits are collected in 83,25 days. , a better value
than the sector's average.
Eur. 1.060.049 is the value of cash flow during the year 2009
Subordinate employment cost is of Eur. 2.520.733, i.e. 18,47% on total
production costs. , with a 17,09% incidence on turnover.
The incidence of the financial charges is of -0,36% on the sales amount.
Financial Data
|
|
|
Complete balance-sheet for the year |
31/12/2009 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
14.748.229 |
|
Profit (Loss) for the period |
478.275 |
|
|
|
Complete balance-sheet for the year |
31/12/2008 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
23.381.366 |
|
Profit (Loss) for the period |
3.551.910 |
|
|
|
Complete balance-sheet for the year |
31/12/2007 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
24.153.088 |
|
Profit (Loss) for the period |
3.551.894 |
|
|
|
Complete balance-sheet for the year |
31/12/2006 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
20.640.151 |
|
Profit (Loss) for the period |
1.834.466 |
|
|
Complete balance-sheet for the year |
31/12/2005 |
(in Eur |
x 1 ) |
|
Item Type |
Value |
|
Sales |
20.133.090 |
|
Profit (Loss) for the period |
2.782.377 |
Balance
Sheets
From our constant monitoring of the relevant Public Administration
offices, no more recent balance sheets result to have been filed.
|
- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x
1 |
|
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|
|
RATIOS |
Value Type |
as at 31/12/2009 |
as at 31/12/2008 |
as at 31/12/2007 |
Sector Average |
|
COMPOSITION ON
INVESTMENT |
|
|
|
|
|
|
Rigidity Ratio |
Units |
0,29 |
0,10 |
0,09 |
0,20 |
|
Elasticity Ratio |
Units |
0,71 |
0,89 |
0,89 |
0,77 |
|
Availability of stock |
Units |
0,43 |
0,52 |
0,45 |
0,19 |
|
Total Liquidity Ratio |
Units |
0,29 |
0,37 |
0,44 |
0,53 |
|
Quick Ratio |
Units |
0,08 |
0,11 |
0,20 |
0,03 |
|
COMPOSITION ON
SOURCE |
|
|
|
|
|
|
Net Short-term indebtedness |
Units |
0,32 |
0,37 |
0,14 |
2,84 |
|
Self Financing Ratio |
Units |
0,62 |
0,63 |
0,66 |
0,19 |
|
Capital protection Ratio |
Units |
0,94 |
0,74 |
0,72 |
0,67 |
|
Liabilities consolidation quotient |
Units |
0,32 |
0,05 |
0,06 |
0,25 |
|
Financing |
Units |
0,56 |
0,55 |
0,45 |
3,52 |
|
Permanent Indebtedness Ratio |
Units |
0,72 |
0,64 |
0,68 |
0,40 |
|
M/L term Debts Ratio |
Units |
0,09 |
0,02 |
0,02 |
0,14 |
|
Net Financial Indebtedness Ratio |
Units |
0,11 |
0,00 |
0,00 |
0,83 |
|
CORRELATION |
|
|
|
|
|
|
Fixed assets ratio |
Units |
2,51 |
6,17 |
6,92 |
1,85 |
|
Current ratio |
Units |
2,55 |
2,59 |
2,93 |
1,29 |
|
Acid Test Ratio-Liquidity Ratio |
Units |
1,02 |
1,08 |
1,44 |
0,91 |
|
Structure's primary quotient |
Units |
2,19 |
6,00 |
6,71 |
1,04 |
|
Treasury's primary quotient |
Units |
0,29 |
0,32 |
0,67 |
0,06 |
|
Rate of indebtedness ( Leverage ) |
% |
160,05 |
159,54 |
150,09 |
508,64 |
|
Current Capital ( net ) |
Value |
10.660.495 |
13.035.768 |
12.743.882 |
396.051 |
|
RETURN |
|
|
|
|
|
|
Return on Sales |
% |
7,19 |
17,74 |
17,03 |
4,50 |
|
Return on Equity - Net- ( R.O.E. ) |
% |
3,11 |
23,85 |
24,76 |
6,91 |
|
Return on Equity - Gross - ( R.O.E. ) |
% |
5,10 |
35,65 |
40,24 |
22,86 |
|
Return on Investment ( R.O.I. ) |
% |
3,37 |
22,13 |
26,36 |
5,62 |
|
Return/ Sales |
% |
5,62 |
22,49 |
23,49 |
5,03 |
|
Extra Management revenues/charges incid. |
% |
57,72 |
67,55 |
62,58 |
24,96 |
|
Cash Flow |
Value |
1.060.049 |
4.146.940 |
4.113.909 |
136.347 |
|
Operating Profit |
Value |
828.591 |
5.258.248 |
5.675.440 |
153.429 |
|
Gross Operating Margin |
Value |
1.410.365 |
5.854.778 |
6.237.455 |
252.987 |
|
MANAGEMENT |
|
|
|
|
|
|
Credits to clients average term |
Days |
83,25 |
67,53 |
68,86 |
127,94 |
|
Debts to suppliers average term |
Days |
149,66 |
103,96 |
108,39 |
156,25 |
|
Average stock waiting period |
Days |
256,61 |
191,15 |
146,62 |
62,49 |
|
Rate of capital employed return ( Turnover ) |
Units |
0,60 |
0,98 |
1,12 |
1,16 |
|
Rate of stock return |
Units |
1,40 |
1,88 |
2,45 |
5,75 |
|
Labour cost incidence |
% |
17,09 |
9,82 |
8,77 |
20,67 |
|
Net financial revenues/ charges incidence |
% |
- 0,36 |
0,26 |
0,41 |
- 1,14 |
|
Labour cost on purchasing expenses |
% |
18,47 |
12,31 |
11,34 |
21,40 |
|
Short-term financing charges |
% |
0,75 |
0,04 |
n.c. |
2,55 |
|
Capital on hand |
% |
166,84 |
101,64 |
89,13 |
85,57 |
|
Sales pro employee |
Value |
249.969 |
441.157 |
483.061 |
177.457 |
|
Labour cost pro employee |
Value |
42.724 |
43.328 |
42.400 |
35.009 |
Credit Opinion
On the basis of the above mentioned, and the sales volume obtained, we deem
that the maximum exposure for short and medium term transactions ( 90 - 120
days ) could be of:
300.000Eur.
Market / Territory Data
|
Population living in the province |
: |
944.297 |
|
Population living in the region |
: |
4.151.369 |
|
Number of families in the region |
: |
1.748.359 |
Monthly family expenses average in the region (in Eur.) :
|
- per food products |
: |
425 |
|
- per non food products |
: |
2.063 |
|
- per energy consume |
: |
143 |
Sector Data
The values are calculated on a base of 1.023 significant companies.
The companies cash their credits on an average of 127 dd.
The average duration of suppliers debts is about 156 dd.
The sector's profitability is on an average of 4,50%.
The labour cost affects the turnover in the measure of 20,67%.
Goods are held in stock in a range of 62 dd.
The difference between the sales volume and the resources used to
realize it is about 1,16.
The employees costs represent the 21,40% of the production costs.
Statistical Detrimental Data
The area is statistically considered lowly risky.
In the region 18.860 protested subjects are found; in the province they
count to 3.720.
The insolvency index for the region is 0,46, , while for the province it
is 0,40.
Total Bankrupt companies in the province : 4.335.
Total Bankrupt companies in the region : 14.698.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.58 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.